The global vehicle
electrification market is anticipated to
reach USD
125.12 billion by 2025, according to a new
report by Grand View Research, Inc. The growing demand for
electrification in transport automobiles is increasing owing to
social influence and acceptability to shift in favor of
electrification via lowered usage of petroleum to energy efficient
vehicle. Moreover, regional legislation policies and regulatory
efforts globally on strengthening CO2 emissions standard have been
immensely contributing to the growth of the
market.
Integrated Starter Generator (ISG) product is expected to gain
traction over the forecast period. The application of ISG in
vehicle helps the engine to instant and silently restart after
the idle or traffic stop when the engines shut down to reduce
emission and save fuel. ISG achieve vibration and noise reduced
operation improving the automobile comfort for the user. Further,
ISG optimizes the electric energy by reducing the load of the
engine which further drives the content of electronic solution in
the vehicle. Integrated starter generator in the automobile has
significant influence to start engine under extremely
low-temperature conditions.
The demand for integrated started generator product type was
valued at USD
4.97 billion in 2016 and is expected to reach
over USD 11.16
billion by 2025.
The internal combustion engine (ICE) & micro-hybrid vehicle
is one of the largest segment in hybridization type. The growth
of ICE & micro-hybrid automobiles is attributed to mechanical
integration which yields significant fuel economy when it is idle
in traffic or at a signal. Moreover, to meet the growing
environmental challenges which are posed by several emission
legislations automakers have developed various eco solutions in
the conventional ICE.
Increasing user demand for eco-friendly solutions and stringent
emission regulations are few key factors that are expected to
impact the growth for internal combustion engine &
micro-hybrid vehicle in the market over the forecast period. The
internal combustion engine & micro-hybrid vehicle segment is
anticipated to grow at a CAGR of 7.8% from 2017 to 2025.
Browse full research report with TOC
on "Vehicle
Electrification Market Analysis By Product (Start/Stop Systems,
Electric Power Steering, Liquid Heater Ptc, Electric Oil Pump,
Electric Water Pump, Starter Motor & Alternator), By
Hybridization And Segment Forecasts, 2014 -
2025" at: https://www.grandviewresearch.com/industry-analysis/vehicle-electrification-market
Further Key Findings From the Report
Suggest:
- The global vehicle electrification market accounted
for USD 58.92
billion in 2016 and is expected to grow at a CAGR of
9.1% from 2017 to 2025
- Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
emerged as the largest segment in 2016 and is estimated to
generate revenue over USD 70.68 billion by
2025.
- The BEV hybridization segment is anticipated to witness
moderate growth over the next eight years.
- The electric vacuum pump within product segment is estimated
to reach over USD 17.75 billion by
2025
- The Asia
Pacific market is projected to witness substantial
growth over the next decade owing to growing adoption of vehicle
electrification methods among automobile sector on a large scale.
The regional market is expected to grow at a CAGR of 8.5% from
2017 to 2025.
- Key players include Robert Bosch GmbH, Continental AG, Denso
Corporation, Delphi Automotive PLC, Johnson Electric, and
Mitsubishi Electric Corporation, accounting for a majority share
of the overall market in 2016
